The Trump team is considering establishing the first cryptocurrency position in the White House.

PANews, November 21 - According to Bloomberg, the team of U.S. President-elect Donald Trump is discussing the establishment of a White House position specifically responsible for cryptocurrency policy within the digital asset industry. According to informed sources, this would be the first White House position focused on cryptocurrency, and candidate selection is currently underway. It is uncertain whether this position will be a senior role or referred to as the "crypto czar," but industry advocates hope that the role can report directly to Trump. Additionally, Trump promised during his campaign to fire the current Securities and Exchange Commission (SEC) Chairman Gary Gensler, ease regulations on the crypto industry, and establish a Presidential Crypto Advisory Committee. Currently, competition for candidates for this committee is intense.

Reportedly, former Coinbase and Binance.US executive Brian Brooks and Coinbase CEO Brian Armstrong met with Trump this week to discuss related matters. This position may serve as a liaison between Congress, the White House, and federal agencies such as the SEC and CFTC. More personnel discussions are taking place at Trump's private club, Mar-a-Lago.